Bank failure · TX

Flower Mound Bank (Flower Mound, TX) — failed March 3, 1988

Flower Mound Bank of Flower Mound, Texas was closed on March 3, 1988 and resolved through a purchase and assumption. Security Bank (TX) took over its insured deposits. At failure it held $17.4M in assets and $17.6M in deposits. The FDIC's estimated loss on the failure is $3.9M (22.6% of assets).